![]() Depending on your circumstances (for instance, The FAFSA asks for information about you (your name, date of birth, address, etc.)Īnd about your financial situation. Loans, visit the Department of Education's Direct Loan website. To learn more about the differences between Federal Direct Subsidized and Unsubsidized The student financial aid office uses federal regulations to determine the amountsĮach student may borrow by considering the cost of attendance and other financial Realize significant long term savings by paying the quarterly interest charges. Is added to the balance of the loan and also begins accruing interest. Time is not required, however, 30 days after the date of the statement the interest To pay the interest accumulated during that period. Students receiveĪ quarterly interest statement from the loan's servicing agency that allows the student On Unsubsidized Loans at the time the loan is disbursed to the college. Unsubsidized Loans are awarded regardless of financial need.On subsidized loans while the student is enrolled for at least 6 credit hours. Subsidized Loans are awarded on the basis of financial need. ![]() The primary difference between the two is when the Special Circumstances AppealĪfter you apply for federal aid you may be offered either a subsidized or unsubsidized The student financial aid office for more information. Prevents you from including your parent's information on your application, contact If you feel that you have a special circumstance that Occasionally, unusual circumstances may exist that warrant a review ofĪ student's dependency status. Tax forms does not make you an independent student for purposes of applying for federal Please be aware that not living with your parents or not being claimed by them on ![]() Student aid purposes and must provide parental information. Status questions then he or she is considered to be a dependent student for federal If the student applicant answers "No" to all of the dependency To be a dependent student unless he or she can answer "Yes" to one of the questions Whether you are considered a dependent or independent student. Your answers to questions on the FAFSA determine Information is simply the method the Department of Education uses to evaluate everyoneĭetermining a student's dependency status is important in determining a student'sĮligibility for federal aid programs. That your parents are required to pay anything toward your education, including their If you are a dependent student, it does not mean Information must be assessed along with the student's, in order to get a full picture Your family's responsibility to pay for your education to the full extent possible.īecause a dependent student is assumed to have the support of parents, the parents' Federal student aid programs are based on the concept that it is primarily your and
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